AIC

IMF: Global expenses on pandemic stand at $16 trillion

Published

2 weeks ago

April 7, 2021

The volume of fiscal measures of countries over the past 12 months in connection with the coronavirus (COVID-19) pandemic is $16 trillion, reads the April issue "Fiscal Monitor" of the International Monetary Fund (IMF), Report informs.

The IMF believes that when examining the indicators for 2020, it faced unexpected numbers, which created conditions for revising economic development forecasts for 2021 and a gradual recovery of economic and social skills.

Eleven months after the virus outbreak, life began to get back on track when scientists from China, the US and Germany developed the first vaccine and tested it on a 91-year-old British woman. More than half a billion people are vaccinated worldwide. Vaccinations are progressing at a rapid pace, but vaccines are unevenly distributed between developed and developing countries, according to the report.

The IMF believes vaccines could bring developed countries up to $1 trillion in revenue, and global vaccination could be the highest-income project set so far.

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AIC

New CEO appointed to Azercell Telecom

Published

3 hours ago

April 19, 2021

AzeriTimes.com

Zarina Zeynalova has been appointed Chief Executive Officer of Azercell Telecom LLC, Report informs.

Zarina Zeynalova holds a post-graduate diploma in People Management & Development from Nottingham Trent University in the UK. She is a Fellow Member of the Chartered Institute of People Management and Development (CIPD). She is a graduate of the Executive Management Development Program at Texas A&M University, USA. She holds a B.Sc. degree from Azerbaijan Medical University.

Z. Zeynalova has over 25 years of professional experience in management and organizational development across multiple geographies of the world. For 20 years she has held various management positions in BP offices in Azerbaijan, UK, and the US. She also held senior management positions at PricewaterhouseCoopers (PwC) and Pasha Construction Group.

Note that the former head of Azercell Telecom LLC, Vahid Mursaliyev left his post due to the expiration of his contract.

The main priority of the new CEO of Azercell will be to ensure a leading position in the field of digital transformation in Azerbaijan, along with the development of the communication activities of Azercell.

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AIC

Oil prices go up

Published

3 hours ago

April 19, 2021

AzeriTimes.com

The oil prices, which fell this afternoon, rose again during the evening auctions.

Report informs that Brent crude for June delivery went up 0.12 percent to $66.86 a barrel, WTI June crude futures surged 0.22 percent to $63.33, while May futures climbed 0.17 percent to $63.24 a barrel.

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AIC

WHO extends emergency mode due to coronavirus

Published

3 hours ago

April 19, 2021

AzeriTimes.com

The World Health Organization (WHO) has extended the global emergency regime due to the COVID-19 pandemic for another three months.

The decision was made after the Committee on Emergency Situations of the WHO International Health Regulation (IHR) discussed the situation at the 7th meeting.

"The WHO Director-General accepted that the COVID-19 pandemic still remains a Public Health Emergency of International Concern (PHEIC) and agreed with the committee's recommendations," the statement reads.

So far, 142 million people worldwide have been infected with the coronavirus, and more than 3 million of them have died.

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